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OUE C-REIT Q3 Distribution Down 7.5% Year-on-Year

November 2, 2021 – OUE Commercial REIT Management Pte Ltd said on Tuesday that net property income for the third quarter fell 17.1% to S$46.2 million from the same period a year ago after it deconsolidated OUE Bayfront’s performance following a divestment of a 50% interest in the property on March 31.

As a result, the amount available for distribution in the third quarter was S$30.2 million, 7.5% lower year-on-year.

Earlier this year, OUE C-REIT had sold its 50% stake in OUE Bayfront to Allianz Real Estate.

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